APEC

APEC, or the Asia-Pacific Economic Cooperation, is a forum of 21 Pacific Rim countries that promotes economic growth and trade. Established in 1989, APEC aims to foster cooperation, enhance trade and investment, and support sustainable development among its member economies. It focuses on reducing trade barriers, improving economic integration, and addressing regional challenges. APEC's members include major economies like the United States, China, Japan, and Australia, working together to create a more interconnected and prosperous region. The organization meets annually and hosts discussions on various economic and developmental issues affecting the Asia-Pacific area.